Berlin/Hamburg/Cologne, July 2023 – YPOG has also been involved in a number of transactions in the start-up sector in recent weeks. Among others, investors and companies such as SET Ventures, Resourcify, 42CAP, Manti Manti, ATMOS, Lufthansa Innovation Hub and Flixcheck relied on the expertise of the boutique law firm and its transaction team.
YPOG advises SET Ventures on Series A financing round of vilisto
Hamburg, 10 July 2023 - YPOG advised SET Ventures on the €5 million Series A financing round of vilistio. In addition to SET Ventures, E.R. Capital Holding participated as co-investor.
The start-up, founded in Hamburg in 2016, offers a technology that enables the efficient heating of buildings and thus addresses one of the central causes of energy consumption and CO2 emissions. The solution enables usage-based heating of individual rooms in non-residential buildings, saving customers up to 32% in energy consumption and costs.
The money raised will be used for the company's growth and the development of further products and services.
Team:
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner, Hamburg
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Alexandra Steifensand (Transactions), Associate, Berlin
YPOG advises Resourcify on waste partnership with Interzero
Hamburg, 6 July 2023 - YPOG has provided comprehensive legal advice to Resourcify on the agreement of a partnership with Interzero. The aim of the partnership is to digitise Europe's recycling network and thus strengthen the circular economy. The collaboration will enable Resourcify to access the waste volume of all Interzero customers in the German market.
The new joint service will be called "Zero Waste Manager", which is expected to significantly improve the organisation and execution of recycling processes for customers.
As part of the partnership and the development of Zero Waste Manager, Interzero is taking a 5% stake in Resourcify - with no co-determination or data rights.
Team:
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner, Hamburg
Benedikt Flöter (Co-Lead, IP/IT), Associated Partner, Berlin
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Alexandra Steifensand (Transactions), Associate, Berlin
YPOG advises 42CAP on seed financing of OneShot.ai
Berlin, 5 July 2023 - YPOG provided comprehensive advice to 42Cap as lead investor in the $2.2 million seed financing round of OneShot.ai. Other investors were the existing investor Seedcamp as well as in addition Addvia Ventures.
OneShot.ai, with offices in San Francisco and London, was founded in 2021 by Gautam Rishi and Peda Venkateswarlu Pol. The start-up has developed the first true end-to-end prospecting platform based on advanced machine learning and generative artificial intelligence.
The funding, which was already secured in December 2022, will primarily be used to support the company's further growth, both structurally and in terms of manpower.
Team:
Dr. Frederik Gärtner (Lead, Transactions), Partner, Berlin
Tobias Lovett (Transactions), Senior Associate, Berlin
Ann-Kristin Lochmann (Tax), Associated Partner, Hamburg
YPOG advises Manti Manti on financing round
Hamburg, 30 June 2023 - YPOG has advised the Hamburg-based start-up Manti Manti comprehensively on its financing round. A total amount of € 1M was raised from 30 renowned business angels such as Anne Lemcke, Stefan Lemcke, Christoph Behn, Marlena Hien, Laurence Saunier (all from the better ventures club), Toniebox founder Patric Fassbender, Marcus Stahl, Anna Weber, Jan-Willem Weischer, Carmen Kroll and Jessie Weiß.
In late 2022, Edition F co-founder Susann Hoffmann founded the eyewear start-up together with Philippa Koenig, the long-time CCO of the online erotic shop Amorelie. The company's focus is on the production and distribution of sustainable optical glasses, especially for children and young people.
The money raised will mainly be put into the final preparations for setting up the shop, which has been open since 29 June.
Team:
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner, Hamburg
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Alexandra Steifensand (Transactions), Associate, Berlin
YPOG advises ATMOS on seed financing round
Hamburg, 22 June 2023 - YPOG has advised ATMOS Space Cargo (ATMOS), a pioneering NewSpace startup, in the successful closure of its initial seed funding round, raising €4 million. The round was oversubscribed, with investments from renowned industry leaders including lead investors High-Tech Gründerfonds and the Amadeus APEX Technology Fund, alongside Seraphim, E2MC, VENTIS, and another.vc. The company is on track to embark on its first demonstration mission at the end of 2024.
ATMOS specializes in the development and manufacturing of space capsules capable of safely returning any cargo from space, regardless of scale. Its highly innovative Phoenix capsules represent the first sustainable solution for a large range of payloads and experiments. ATMOS was co-founded by Sebastian Klaus, an aerospace engineer (M.Sc) and pilot (CPL) with over 10 years of leadership experience as a former officer in the German military.
The €4 million in seed funding now enables ATMOS to carry out its first demonstration flight at the end of 2024. During this milestone flight, it will return a microgravity experiment from low Earth orbit with its Phoenix return capsule.
Team:
Dr. Adrian Haase (Co-Lead, Transactions), Associated Partner, Hamburg
Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Barbara Hasse (Transactions), Associate, Berlin
YPOG advises Lufthansa Innovation Hub on the seed financing of SQUAKE
Berlin, 21 June 2023 - YPOG has advised the Lufthansa Innovation Hub comprehensively on the €3.5 million seed financing round.
The financing round is led by Simon Capital, with Schenker Ventures and Rivus Capital also participating. The existing investors Neosfer and Backbone Ventures have also participated in the financing round, as have the business angels Michael Riegel and Matthäus Niewodniczanski.
The new capital, which brings SQUAKE's total funding to date to € 5 million, will be used for technological research and development as well as hiring employees to meet customer demand and drive growth in strategic markets.
The Berlin-based start-up originally emerged from the Lufthansa Innovation Hub. Founded in 2020 by Philipp von Lamezan (CEO) and Dan Kreibich (CPO), the company offers emissions calculations and reduction measures for all travel and logistics emissions.
Team:
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Nina Ahlert, Senior Associate (Transactions), Associate, Cologne
Jonathan Görg, Associate (Transactions), Associate, Cologne
Laura Franke (Transactions), Project Lawyer, Cologne
Dr. Benedikt Flöter (IP/IT), Associated Partner, Berlin
YPOG advises Flixcheck on seed financing round
Cologne, 15 June 2023 - YPOG has advised the IT start-up Flixcheck comprehensively on its seed financing round. The Cologne-based venture capital fund neoteq ventures invests € 1 million in the Essen-based company.
Flixcheck was founded in 2015 and offers a standardised Software as a Service solution that helps companies to make their own customer service more effective and innovative. For this purpose, the B2B company has developed its "Flixcheck" no-code tool of the same name.
Flixcheck counts well-known companies such as ARAG, Baloise, Deutsche Telekom, Gothaer Versicherungen and Zurich Group Germany among its customers.
Team:
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Jonathan Görg, Associate (Transactions), Associate, Cologne
Laura Franke (Transactions), Project Lawyer, Cologne
Dr. Benedikt Flöter (IP/IT), Associated Partner, Berlin
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Benno Engelmann
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Engelmann Advisory
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